Friday, April 22, 2016

MCX Gold Tips | Crude Oil Tips| Commodity tips

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Market Update

The market still under pressure as the Sensex is down 64 points or 0.2 percent at 25816.38. The Nifty is down 21.65 points or 0.3% at 7890.40. Thousands of  shares have advanced, 1208 shares decreased, and about 175 shares goes unchanged.Oil prices rallied  in Asian trade, which made crude futures on course for one of their biggest weekly gains this year, as there is so much of upbeat despite ongoing oversupply. Traders said that sentiment in the entire commodity complex had turned more confident, with new cash being put into the market by investors, lifting prices.

Top Gainers:

Maruti Suzuki, SBI, NTPC, Tata Motors and M&M are top gainers

Losers: HUL, HDFC, Sun Pharma, BHEL and Bharti Airtel . 

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Wednesday, March 02, 2016

MCX Commodity Tips | Stock Tips | Crude Oil Tips | Crude News

Market Update 

The market rallied quite sharply since the  Budget day. Yesterday it was the highest single-day gain (777 pts) in seven years , the Sensex rallied another 300 points today.but investors must make sure  not to over invest in stocks. A great opportunity to balance your portfolio.

The market continues to surge ahead with support from banks. The Sensex is up 392.48 points or 1.6 percent at 24171.83, and the Nifty is up 131.35 points or 1.8 percent at 7353.65. About 1823 shares have advanced, 337 shares declined, and 80 shares are unchanged.


Although Oil Prices dropped Today as Industry data revealed a huge build in US crude stockpiles.


Top Stocks to Buy today -PSU banks,Tata Steel,Hindalco
Today's Tip -Buy Utlratech cement with a target of Rs 3300

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Tuesday, March 01, 2016

MCX commodity Tips| MCX gold Tips| Crude Oil News | BUDGET 2016

Budget 2016 and Crude Oil
 

The Finance Minister Arun Jaitley presented  BUDGET 2016 on Monday.Among so many other changes,he also reduced the cess on domestic crude oil to around 20 % .The move is initiated to meet the demands by the domestic industry to align the cess to international crude oil prices. As international oil prices went to 12-year lows, the domestic industry was estimating re-imposition of 5% customs duty on crude oil imports

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The FM also announced hike in excise duty on aviation turbine fuel to 14% which earlier was 8 %. Although this was not expected, the fact that excise duty on petrol and diesel, mostly used by the common man, was much higher than ATF, hinted at the possibility of such a hike.


Budget 2016: FM sets oil cess at 20% ad valorem, hikes ATF excise duty to 14% The FM also announced hike in excise duty on aviation turbine fuel to 14 percent from 8 percent. Although this was not expected, the fact that excise duty on petrol and diesel, mostly used by the common man, was much higher than ATF, hinted at the possibility of such a hike. Budget 2016: FM sets oil cess at 20% ad valorem, hikes ATF excise duty to 14% Shweta Mungre moneycontrol.com The Finance Minister Arun Jaitley on Monday reduced the cess on domestically produced crude oil from Rs 4500 per metric tonne to 20 percent ad valorem, as he presented the Union Budget for 2016-17. The move follows repeated requests by the domestic industry to align the cess to international crude oil prices. The FM also announced hike in excise duty on aviation turbine fuel to 14 percent from 8 percent. Although this was not expected, the fact that excise duty on petrol and diesel, mostly used by the common man, was much higher than ATF, hinted at the possibility of such a hike. As international oil prices slumped to 12-year lows, the domestic industry was widely anticipating re-imposition of 5-percent customs duty on crude oil imports. In June 2011, when rates zoomed to over USD 100 per barrel, the customs duty on crude oil imports had been cut to zero from 5 percent.

Read more at: http://www.moneycontrol.com/news/economy/budget-2016-fm-sets-oil-cess-at-20-ad-valorem-hikes-atf-excise-duty-to-14_5691461.html?utm_source=ref_article
Budget 2016: FM sets oil cess at 20% ad valorem, hikes ATF excise duty to 14% The FM also announced hike in excise duty on aviation turbine fuel to 14 percent from 8 percent. Although this was not expected, the fact that excise duty on petrol and diesel, mostly used by the common man, was much higher than ATF, hinted at the possibility of such a hike. Budget 2016: FM sets oil cess at 20% ad valorem, hikes ATF excise duty to 14% Shweta Mungre moneycontrol.com The Finance Minister Arun Jaitley on Monday reduced the cess on domestically produced crude oil from Rs 4500 per metric tonne to 20 percent ad valorem, as he presented the Union Budget for 2016-17. The move follows repeated requests by the domestic industry to align the cess to international crude oil prices. The FM also announced hike in excise duty on aviation turbine fuel to 14 percent from 8 percent. Although this was not expected, the fact that excise duty on petrol and diesel, mostly used by the common man, was much higher than ATF, hinted at the possibility of such a hike. As international oil prices slumped to 12-year lows, the domestic industry was widely anticipating re-imposition of 5-percent customs duty on crude oil imports. In June 2011, when rates zoomed to over USD 100 per barrel, the customs duty on crude oil imports had been cut to zero from 5 percent.

Read more at: http://www.moneycontrol.com/news/economy/budget-2016-fm-sets-oil-cess-at-20-ad-valorem-hikes-atf-excise-duty-to-14_5691461.html?utm_source=ref_article